Orion Portfolio Solutions LLC Reduces Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Orion Portfolio Solutions LLC decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 5.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,454 shares of the information technology services provider's stock after selling 7,458 shares during the period. Orion Portfolio Solutions LLC's holdings in Fidelity National Information Services were worth $10,591,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Cetera Advisors LLC raised its holdings in Fidelity National Information Services by 59.6% during the 1st quarter. Cetera Advisors LLC now owns 9,759 shares of the information technology services provider's stock valued at $724,000 after buying an additional 3,646 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Fidelity National Information Services by 25.8% during the 2nd quarter. Park Avenue Securities LLC now owns 7,436 shares of the information technology services provider's stock valued at $560,000 after buying an additional 1,524 shares during the last quarter. CWM LLC raised its holdings in Fidelity National Information Services by 31.2% during the 2nd quarter. CWM LLC now owns 13,294 shares of the information technology services provider's stock valued at $1,002,000 after buying an additional 3,165 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in Fidelity National Information Services by 8.2% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,031 shares of the information technology services provider's stock valued at $228,000 after buying an additional 229 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Fidelity National Information Services by 13.6% during the 2nd quarter. QRG Capital Management Inc. now owns 38,565 shares of the information technology services provider's stock valued at $2,906,000 after buying an additional 4,627 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 6.41 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now directly owns 32,199 shares of the company's stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Performance

NYSE FIS traded down $0.15 on Friday, reaching $85.34. 4,354,322 shares of the stock were exchanged, compared to its average volume of 3,312,254. Fidelity National Information Services, Inc. has a one year low of $57.13 and a one year high of $91.98. The firm has a market capitalization of $45.94 billion, a PE ratio of 34.00, a PEG ratio of 0.72 and a beta of 1.03. The company's 50-day simple moving average is $87.21 and its two-hundred day simple moving average is $81.29. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the business earned $0.94 EPS. The firm's revenue was up 3.1% compared to the same quarter last year. Analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's payout ratio is currently 57.37%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FIS shares. Morgan Stanley upped their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. Susquehanna upped their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a report on Tuesday, November 5th. Jefferies Financial Group upped their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Oppenheimer started coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They issued a "market perform" rating for the company. Finally, Bank of America upped their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and a consensus price target of $91.50.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.